Each person is unique, and so is their story. We’re talking about their personalities, their backgrounds, their perspectives, and their talents. But if each person is different then why do so many settle for cookie-cutter solutions when it comes to choosing a mortgage? As we all know, a mortgage is a legal contract between you […]
Insight Articles
Experiencing rate envy?
What is a second chance? An opportunity to try something again, a fresh start, or a do over (or if you play golf consider it a mulligan). If you’re a homeowner, the current market conditions may be giving you that second chance right now. You have likely heard that mortgage interest rates have plummeted to […]
CMHC Announces Changes to Mortgage Guidelines
Yesterday afternoon, The Canadian Mortgage and Housing Corporation, better known as CMHC, announced changes to its mortgage insurance underwriting and acceptance criteria. These changes take effect on July 1, 2020 and will impact those applying for mortgage financing. If you want to buy a home with a down payment of less than 20 per cent, […]
Breaking your mortgage early
It’s impossible to plan on many of the unexpected things that life can throw at us; job loss, illness, divorce, or as we’ve seen recently with a global pandemic like Coronavirus (COVID-19). There are many reasons why you may need to break your mortgage early, and while it’s not something you plan for when you […]
What’s Going on With Our Economy?
While the problems in the credit market were obvious for months, the COVID19 crisis further exposed the significant problems in the system.